10 Things You Need To Know This Morninghttp://www.businessinsider.com/opening-bell-march-22-2013-3/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 09 Dec 2016 09:39:45 -0500Mamta Badkarhttp://www.businessinsider.com/c/514c48986bb3f7cc3d000003RussiaFri, 22 Mar 2013 08:03:36 -0400http://www.businessinsider.com/c/514c48986bb3f7cc3d000003
So much for the Russian white knight! This strengthens the theory that Putin is actually very happy with a one-off tax on foreign deposits of Russians. They're punished for avoiding Russian banks, and, to some extent, the Russian IRS, too. And from Russia's perspective, the beauty is, they don't have to punish them themselves, it's done by foreigners and they can blame them too (as they already did in the media). But they likely approve of the tax behind the scenes. With some luck, these rich Russians will now transfer their money back to Russia. This will strengthen Russian banks and increase tax income for the Russian state.